Mark Zuckerberg has surpassed Elon Musk as the world’s third-richest person, with a fortune of $175 billion. This year, Zuckerberg has gained $47 billion in wealth while Musk has lost $55 billion, according to data from Bloomberg. The shift in wealth is due to Meta Platforms stock soaring and Tesla shares plunging.
Zuckerberg’s net worth slightly overtook Musk’s net worth of $174 billion. This gap is expected to widen as Tesla shares decline to a new 52-week low and Meta Platforms stock reaches all-time highs. Year-to-date, Zuckerberg has added $47.3 billion to his net worth while Musk’s net worth has declined by $55.2 billion, moving him from the world’s richest person to the world’s fourth richest person.
Musk remains ahead of Bill Gates, with a fortune of $149 billion, while Zuckerberg trails behind Jeff Bezos and Bernard Arnault. The shift in fortunes is primarily driven by the performance of their respective stocks. Meta Platforms has seen a 43% surge in stock price this year, while Tesla shares have dropped nearly 40%.
Zuckerberg’s wealth is largely tied to Meta Platforms stock, of which he owns about 13%. In contrast, Musk’s fortune is spread across various ventures, including Tesla, SpaceX, and X. The two billionaires have had public disagreements in the past, with talks of a cage match that never materialized.